Posted: 4/2/2020
Sometimes pictures say indeed more than a thousand words!
As you can see from the chart below, the Fed hyperinflated the balance sheet in several steps since 2007:
- From about $870 trillion before the financial/real estate crisis of 2008 to over $2 trillion by November 2008
- To under $3 trillion by July 2011
- To about $4.5 trillion by October 2014
- By September 2019 the Fed only managed to bring it down to $3.8 trillion
- Now it stands at over $5.25 trillion and climbing
Where are the economists warning of such drastic inflation of the money supply when you need them! What are the highly paid armies of economists working for the Fed saying?
Sources (S):
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